The Mint hotel chain has been acquired by private equity group, Blackstone, according to reports.
The Mint collection of eight hotels in seven cities in the UK has confirmed in a statement that Blackstone will take over the eight hotels from the group’s founders.
Although no price has been revealed, it is was estimated in The Times that Blackstone will pay £600 million for the hotel group, which was co-founded in 1995.
The hotel group recently opened one of the largest hotels in the centre of Amsterdam. Hotels in the portfolio all offer guests state of the art facilities such as Apple iMac’s in their rooms and free high speed WiFi.
In addition, each hotel features a restaurant, relaxing lounges and stylish bars, in addition to an Arts and Culture programme. Meeting rooms and facilities are available for business travellers.
The Blackstone Group acquired the Hilton International hotel chain in 2007.